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Simply Mac President Steve Bain, right, and GameStop CEO Paul Raines at the grand opening of the new Simply Mac store in Cedar Hill, Texas on Friday, August 16, 2013. Simply Mac is one of the new chains that GameStop bought to diversify its business.(Brad Loper/The Dallas Morning News)

GameStop Corp. disclosed this morning that the company’s CEO Paul Raines had a brain tumor removed late last week and his “prognosis for a full and complete recovery is very good.”

Raines, 50, will undergo chemotherapy and his recovery process is expected to take about six weeks, the company said.

Below is the full text of the letter from GameStop:

To GameStop associates, partners and stockholders:

This letter is to inform you that late last week Paul Raines, GameStop CEO, underwent unexpected surgery during which a very small, cancerous tumor was identified and successfully removed from an easily accessible part of the brain. Because it was found very early, his doctors have advised him that his prognosis for a full and complete recovery is very good. The next step is for Paul to undergo preventive chemotherapy. Recovery from this process is expected to take about six weeks. This regimen will restrict his travel during that period, but will not interfere with his continued leadership of the Company.

Daniel A. DeMatteo, Executive Chairman, said, “Speaking for the Board, we have every confidence in Paul’s continued leadership and wish him a speedy recovery. While he recovers, our highly-tenured executive team will ensure that our business continues without interruption.”

We thank you for your support during this time.

GameStop reports second quarter results on Thursday. The stock is up slightly this morning.

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